World's first trade fair and conference for emissions trading aimed at reducing CO2 - June debut for Cologne's annual Carbon Expo
Cologne, Germany (ots)
In cooperation with the World Bank and the International Emissions Trading Association (IETA), Koelnmesse is expanding its range of events to include a segment of the environment sector that is currently attracting great attention but has not been previously addressed by the trade-fair business. Carbon Expo - Global Carbon Market Fair & Conference, which will be held from June 9 to 11, 2004 in the Eastern Halls area of the Koelnmesse exhibition grounds, will be the world's first trade fair and conference to deal with the topic of emissions trading and the emerging carbon market. The event will not only promote transparency in its role as an information forum but also provide a platform where buyers, sellers, market makers and service providers can meet. It will also offer exhibitors the perfect stage to present technologies for reducing CO2 emissions.
The aim of emissions trading throughout the EU is to meet in a cost-efficient way the industrial nations' obligation to significantly reduce emissions of greenhouse gases by 2012 in accordance with the Kyoto Protocol agreement concerning climate protection. The system provides for the assignment of emission rights, which can be traded between the companies involved, and allows companies to purchase certificates from projects that reduce emissions in developing countries and emerging economies. Point Carbon, the leading global provider of independent analysis, news, market intelligence and forecasting for the emerging carbon-emission markets, estimates that the annual trade volume for emission rights and certificates will reach approximately 10 billion Euro by the year 2005.
The partners of Koelnmesse combine the maximum expertise that is presently available in this field. The World Bank is the first organization to initiate funds dedicated to the reduction of greenhouse gases in developing countries and emerging economies. The Geneva-based IETA is a non-profit organization. It actively advocates that the availability of a global green-house-gas market in which business can participate is part of the solution to the challenge of climate change. IETA represents more than 80 leading international industrial companies, suppliers of technical-inspection services, brokerage firms and providers of financial and consulting services.
Carbon Expo in Cologne will present processes, methods and technologies for reducing CO2 emissions and feature ways of trading in emission rights and certificates. The conference part of Carbon Expo will provide information and training about the complex legal and technical frameworks and explain the procedures for trading emission rights and generating emission reductions through the project mechanisms of the Kyoto Protocol. Both areas will promote the building of relationships among sellers, buyers and intermediaries that is so critical to the success of the global carbon market. Exhibitors and speakers will include suppliers of pollution-reducing technologies and "clean" forms of energy, suppliers of certificates, experts from engineering firms and technical-inspection associations, services suppliers from corporate consulting companies, and experts from the areas of law and financial services. In addition, sellers and government representatives from Latin America, Asia and Africa will be present to help understand how to invest in emission reductions and how governments will help. The main visitor groups to be targeted include representatives of affected companies and their counterparts from the energy business, industry and the political sphere.
For information about participation in the trade fair and congress, as well as travel arrange-ments, accommodation, presentation kits for exhibitors and sponsors, and trade-fair services available in Cologne, call tel. +49 221 821 2209, fax +49 221 821 3411, e-mail carbonexpo@koelnmesse.de or visit the website at www.carbonexpo.com.
Contact:
Koelnmesse GmbH
Messeplatz 1
50679 Cologne, Germany
Mr Holger Büth
Phone: +49/221/821-2368
Fax +49/221/821-2153
E-Mail: h.bueth@koelnmesse.de